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Residential Mortgage Loans Held in Securitization Trusts, Net and Real Estate Owned (Tables) | 6 Months Ended
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Jun. 30, 2018
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract] |
Schedule of Residential Mortgage Loans Held in Securitization Trusts (Net) | Residential mortgage loans held in securitization trusts, net consist of the following as of June 30, 2018 and December 31, 2017, respectively (dollar amounts in thousands):
| June 30, 2018 |  | December 31, 2017
Unpaid principal balance | $ | 69,451 |  |  | $ | 77,519 |
Deferred origination costs – net | 440 |  |  | 492 |
Reserve for loan losses | (3,844 | ) |  | (4,191 | )
Total | $ | 66,047 |  |  | $ | 73,820 |
Allowance for Loan Losses on Residential Mortgage Loans Held in Securitization Trusts | The following table presents the activity in the Company's allowance for loan losses on residential mortgage loans held in securitization trusts for the six months ended June 30, 2018 and 2017, respectively (dollar amounts in thousands):
| Six Months Ended June 30,
| 2018 |  | 2017
Balance at beginning of period | $ | 4,191 |  |  | $ | 3,782 |
(Recovery of) provision for loan losses | (110 | ) |  | 207 |
Transfer to real estate owned | — |  |  | (6 | )
Charge-offs | (237 | ) |  | — |
Balance at the end of period | $ | 3,844 |  |  | $ | 3,983 |
Delinquencies in Portfolio of Residential Mortgage Loans Held in Securitization Trusts | The table below shows delinquencies in our portfolio of residential mortgage loans held in securitization trusts, including real estate owned (REO) through foreclosure, as of June 30, 2018 (dollar amounts in thousands): June 30, 2018
Days Late | Number of Delinquent Loans |  | Total Unpaid Principal |  | % of Loan Portfolio
30 - 60 | 1 |  | $ | 311 |  |  | 0.45 | %
61 - 90 | 1 |  | $ | 170 |  |  | 0.24 | %
90 + | 22 |  | $ | 14,481 |  |  | 20.82 | %
Real estate owned through foreclosure | 1 |  | $ | 118 |  |  | 0.17 | %
The table below shows delinquencies in our portfolio of residential mortgage loans held in securitization trusts, including REO through foreclosure, as of December 31, 2017 (dollar amounts in thousands): December 31, 2017
Days Late | Number of Delinquent Loans |  | Total Unpaid Principal |  | % of Loan Portfolio
30 - 60 | 1 |  | $ | 203 |  |  | 0.26 | %
61 - 90 | 1 |  | $ | 173 |  |  | 0.22 | %
90 + | 24 |  | $ | 16,147 |  |  | 20.80 | %
Real estate owned through foreclosure | 1 |  | $ | 118 |  |  | 0.15 | %
Schedule of Geographic Concentration of Credit Risk Exceeding 5% of Total Loan Balances | The geographic concentrations of credit risk exceeding 5% of the total loan balances in our residential mortgage loans held in securitization trusts and REO held in residential securitization trusts as of June 30, 2018 and December 31, 2017 are as follows:
| June 30, 2018 |  | December 31, 2017
New York | 31.9 | % |  | 31.8 | %
Massachusetts | 19.5 | % |  | 20.7 | %
New Jersey | 13.0 | % |  | 11.9 | %
Florida | 9.4 | % |  | 8.8 | %
Connecticut | 7.7 | % |  | 7.3 | %
Maryland | 4.9 | % |  | 5.2 | %
The geographic concentrations of credit risk exceeding 5% of the unpaid principal balance of residential mortgage loans at fair value as of June 30, 2018 and December 31, 2017, respectively, are as follows:
| June 30, 2018 |  | December 31, 2017
California | 28.4 | % |  | 35.9 | %
Florida | 8.5 | % |  | 6.6 | %
New Jersey | 6.4 | % |  | 7.7 | %

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